NH - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Html

Copy

Technical Rating: 3.9

Technical Analysis Summary

• Trend: Consolidating near key moving averages
• Moving Averages: Price (₹1,755) is slightly below DMA 50 (₹1,783) and above DMA 200 (₹1,705), indicating neutral to mildly bullish setup
• RSI (55.8): Mild bullish momentum, but not overbought
• MACD (1.53): Bullish crossover, suggesting potential upside continuation
• Bollinger Bands: Price near mid-band, indicating consolidation with breakout potential
• Volume: Below average (1.52L vs 1.98L), showing reduced participation

Entry & Exit Zones

• Support: ₹1,705 – ₹1,725 (DMA 200 and recent base)
• Resistance: ₹1,780 – ₹1,800 (DMA 50 and prior swing highs)
• Optimal Entry: ₹1,725 – ₹1,740 on pullback with MACD support
• Exit Zone: ₹1,780 – ₹1,800 if price stalls near resistance

Positive

• Strong ROCE (19.4%) and ROE (21.0%) indicate solid operational efficiency
• EPS of ₹21.1 and PEG ratio of 1.80 suggest reasonable growth valuation
• Price up 48.0% over 52 weeks
• Positive FII sentiment (+0.03%)

Limitation

• High P/E of 83.0 vs industry average of 59.6
• Volume below average, indicating weak conviction
• Quarterly PAT decline from ₹160 Cr. to ₹87.4 Cr.
• Negative DII sentiment (-0.33%)

Company Negative News

• Concerns over margin compression and rising operational costs

Company Positive News

• Expansion in hospital network and digital health initiatives
• Stable earnings and strong brand presence in healthcare sector

Industry

• NH operates in the healthcare and hospital services sector
• Peers include Apollo Hospitals, Fortis Healthcare, and Max Healthcare

Conclusion

NH is currently consolidating near key technical levels with mild bullish signals. While fundamentals remain strong, valuation and volume trends suggest caution. Traders may consider entry near ₹1,725 with targets around ₹1,800, watching MACD and RSI for breakout confirmation.